FBR issues procedure for cash back refunds of sales tax to customers of Tier-1 retailers
Federal Board of Revenue (FBR) issued procedure for cash back of sales tax amount @5% (five percent)…
FBR announced to give 90pc tax exemption on low-cost housing projects
The FBR and the New Pakistan Housing Development Authority have once again assured the public and…
Karachi Tax Bar Association (KTBA) rejected using mobile phone SMS as a legal way to serve tax notices
On Tuesday, the Karachi Tax Bar Association (KTBA) rejected using mobile phone SMS as a legal way to…
Income Tax Rules amended: Issuance of tax notices via Phone SMS
Phone SMS included as mode of service for tax notices.The FBR issued SRO 1250(I)/2020 on Monday…
State Bank of Pakistan (SBP) authorized to non-resident individuals holding Pakistan Origin Card (POC) to open foreign currency account
State Bank of Pakistan (SBP) authorized to non-resident individuals holding Pakistan Origin Card…
Disallowance of Commission: Commission in respect of Third Schedule Items
Disallowance of CommissionAmendment made through Finance Act 2019, to disallow any expenditure…
Rules amended by FBR: Issued time limit for notifying income tax return form
Amendment of RulesThe FBR has issued draft rules for the purpose of setting timelines in…
Vehicles tax rates for tax year 2021
Amendments through Finance Act, 2020Federal Board of Revenue (FBR) updated rate of income tax on…
Free use of foreign currency account outside Pakistan stopped by government
In an effort to document economy, dismantle manipulations of foreign currency markets and money…
FBR issued valuation for sale of used cars for purpose of collecting sales tax.
Federal Board of Revenue (FBR) issued valuation for sale of used cars for purpose of collecting…
